How Penny Auctions Work

Most penny auction sites follow the same three basic steps: purchase bids, bid on items, win products. Below is an outline on how penny auction sites work. Most sites have bells and whistles that include auto bidders, buy it now, beginners auctions and more.

1.) Purchase bids

Cost:
The cost of a bid bundle varies site to site. Most sites do not allow you to see bid packages without signing up first. Below are an example of packages and prices.

Bidrodeo.com:
50 bids - $37.50 ($0.75 a bid)
100 bids - $72.00 ($0.72 a bid)
200 bids - $140.00 ($0.70 a bid)
500 bids - $340.00 ($0.68 a bid)
800 bids - $500.00 ($0.62 a bid)

Quibids.com: $0.60 a bid
75 bids - $45.00
80 bids - $48.00 (starter pack)
300 bids - $180.00
500 bids - $300.00

Bidcactus.com: $0.75 a bid
30 bids - $22.50
50 bids - $37.00
100 bids - $75.00
250 bids - $187.50
500 bids - $375.00

Bidblink.com: $0.40 a bid
30 bids + 20 bonus bids - $19.98
70 bids + 30 bonus bids - $39.98
150 bids + 50 bonus bids - $79.98
420 bids + 80 bonus bids - $199.98
1250 bids + 100 bonus bids - $49.98 ($0.37 a bid)

Swoopo.com: $0.40 a bid
40 bids - $24.00
75 bids - $45.00
80 bids - $50.00
150 bids - $90.00
400 bids - $240.00
1000 bids - $600.00

2.) Bid on items (auctions)

Most penny auction sites divide auctions into beginner, intermediate, and advanced auctions. This helps new customers compete in auctions among their piers. Most sites also guarantee that if you are a new customer you will win at least one auction.

3.) Win Products
Each site sells varying items but you can usually find the following:
-TVs
-Cameras
-Video Games
-Kitchen equipment
-Board Games
-DVDs
-Perfume
-Purses
-Outdoor gear
-Vacuums
-Kids items

Beezid.com Promises Minimum Savings of 75% Off Retail

Penny auction trendsetter Beezid.com is following up successful promotions to celebrate their first anniversary and Black Friday even bigger savings. For the first time ever, users get back every bid placed and a guaranteed savings of 75% off on December 29th for “Beezid's Holiday Blast”. Lincoln, DE (PRWEB) December 23, 2010 Penny auction trendsetter Beezid.com is following up successful promotions to celebrate their first anniversary and Black Friday “save 50-99% off retail and get your bids back” promotion with an even bigger event on December 29th for “Beezid's Holiday Blast”.

Instead of guaranteeing a mere 50% off retail, Beezid has taken the unprecedented step of guaranteeing their users save from 75-99% off retail for every auction during the 24 hours of December 29th. For the 24 hours of December 29th, beginning at midnight and continuing until 11:59 pm EDT, users will get back each and every bid they place, win or lose. To ensure that the inevitable higher bid total doesn't drive prices up too high, Beezid guarantees that each item will sell for no more than 75% of the actual retail price. Users do have to pay the closing auction price and shipping costs but auctions will be risk-free to bid on and savings will be 75-99% off retail, guaranteed. “We decided to give our users a late Christmas present this year,” said Beezid CEO Max Bohbot. “By giving users the opportunity to get all their bids back for an entire day, we expect more winners than ever at Beezid.com.” When asked about the greater than ever savings Bohbot said, “Beezid users expect innovation and savings from us as an industry leader and we're happy to oblige by cranking both up another notch for Beezid's Holiday Blast. 

A guaranteed savings of 75-99% off retail is a perfect way to do it.” With so many users walking away with tons of brand name items for pennies on the dollar at Beezid's Birthday Bash and Black Friday Bonanza, Beezid has decided to do it all over again, with even more savings. “We realize that December 29th isn't considered a significant date so we're starting our own Holiday.” Bohbot continued, “Beezid's Holiday Blast will be a date circled on all of our users calendars.” Everyone loves getting their bids back all day long but perhaps even more exciting is the fact that users are guaranteed to spend no more than 25% of the retail price on auctions. That's a guaranteed savings of between 75% and 99% off retail, all day long. Visit Beezid.com for all the info and some incredible offers to help you maximize your savings. Those who have never tried Beezid before should not miss out on this special event. Registration is quick and easy and new users will receive ten free bids with no obligation. About BEEZID.com – BEEZID.com is a top rated penny auction website which offers a thrilling spin on online auction shopping. Users take advantage of huge discounts on brand new, brand name products by forming bidding strategies and by using bonuses and incentives offered by Beezid. 

Launched in 2009, BEEZID.com is one of the biggest, most frequently visited and most-trusted sites of its kind world-wide. 

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2010/12/prweb4910384.htm

Read more: http://www.benzinga.com/press-releases/10/12/p730252/beezid-com-promises-minimum-savings-of-75-off-retail#ixzz18zxR6dHk

Please leave comments and feedback at the end of this blog post.

Bid66 Promotion / Coupon Code

I just received a coupon code from Bid66.com. This promotion code is for 20 free bids. Use the code: BIDP

This is the largest coupon code that I have ever received. I am VERY excited about this one.

QuiBids Awards its Millionth Auction Winner $10,000

Representatives of QuiBids present $10,000 to winner, Josh Neifert.

Oklahoma City, OK (Vocus/PRWEB) December 10, 2010

“Oh my goodness, Dad!” is what two-year old Jentzon said to his father, Josh Neifert, QuiBids' millionth auction winner, on the evening of December 7. Neifert is the winner of QuiBids' ”Be the Millionth Auction Winner” promotion that ran during the month of November. Neifert won $10,000, plus an additional $1,000 to designate to his charity of choice.
Two representatives of QuiBids flew out to meet Neifert at his family business, Rock Roll-O-Rena, in Arnold, MO, on Tuesday, December 7. Neifert and five members of his family were present as he was presented with an oversized check along with memorabilia from QuiBids. When asked what he planned to do with the $10,000, Neifert replied, “I'll start to invest some into my son's college fund, pay off some bills and buy a few extra gifts for Christmas this year.” Neifert chose to designate the additional $1,000 to the local chapter of Toys for Tots. “I believe every kid should be able to get something for Christmas,” said Neifert.
The ”Be the Millionth Auction Winner” promotion was QuiBids first cash prize giveaway. “It was a successful promotion,” said Jill Farrand, Director of Public Relations. “Knowing the holidays were upon us, we wanted to host a giveaway that we hadn't done before. We are excited for the Neifert family and thank them for having us out to their family business.”
This holiday season will surely be merry for the Neiferts!
About QuiBids

QuiBids is an online auction site that launched in October of 2009. Its mission is to redefine shopping by providing the best deals possible for its customers with a unique, fun and exciting online experience. QuiBids prides itself in being the beacon of moral and ethical business practices in its industry and defines success through the creation of long-term, mutually beneficial relationships with its customers.


Read more: http://www.benzinga.com/press-releases/10/12/p690046/quibids-awards-its-millionth-auction-winner-10-000#ixzz18lRUQTg6

BidRivals Coupon Code Exclusively for BidPenny Readers!!!!

Bidrivals.com just gave me a coupon code exclusively for BidPenny readers!!!! The coupon code is: BIDPENNY12

The coupon code expires on April 15th and is good for 12 free bids. This is a $12.00 value!

ZebraDingo.com Review

 Below is a Penny Auction Site Review for ZebraDingo.com


Website:

ZebraDingo

www.zebradingo.com

Prices:

Below are the prices for each credit (bid) at ZebraDingo.com

  20 bids - $20.00

  32 bids - $30.00

54 bids - $50.00

  120 bids - $100.00

250 bids - $200.00

534 bids - $400.00

*ZebraDingo accepts payment from Paypal and LinkPoint

Auction Features:

-Rookie Auction

-Variable Price Auctions

-Nail Biter Limits

-Bid Vouchers Auctions

-Buy It Now Auctions

-Charity Auctions

Contact Information:

Email: Support Email

 

Bid Penny Review:

Site: 9.0 / 10

Customer Support: 7.2 / 10

Products: 7.9 / 10

Comments: ZebraDingo.com has a pretty impressive penny auction site. I love the look and feel of the site. It is easy to navigate. However, it was a little difficult to find contact information and ZebraDingo only offers a support email and no phone or chat. For that reason I only rated the customer support of the site at a 7.2. I do like the product that the site offers but wish they had more auctions. They do have SEVERAL auction types which is a great incentive to incise any type of buyer.